The international community should explore all options to alleviate a Russian squeeze of energy supplies that has spiked prices, including talks with producing nations like Iran and Venezuela, a French presidency official said on Monday. Venezuela has been under U.S. oil sanctions since 2019, and could reroute crude if those restrictions were lifted. By John Irish. Full Text ->Reuters.

Taducción de cortesía -> La presión rusa de los suministros de energía que ha disparado los precios, incluidas las conversaciones con países productores como Irán y Venezuela, dijo el lunes un funcionario de la presidencia francesa. Venezuela ha estado bajo sanciones petroleras de EE. UU. desde 2019 y podría desviar el crudo si se levantaran esas restricciones.

Traducción al español -> Google Translación

Consensus around Venezuela’s long-odds claim to a chunk of oil-rich neighbouring Guyana was the warm-up for negotiations between Venezuela’s government and its main opponents in Mexico earlier this month, to Georgetown’s dismay. Substantive progress in the Norwegian-brokered talks ensued, with an agreement to set up a joint working group on social welfare and a parallel review of “overcompliance in the financial system”, with US sanctions deemed an obstacle to aid procurement. By Patricia Garip. Full Text ->ArgusMedia

Courtesy translation -> El consenso en torno a la afirmación de Venezuela sobre una parte de la vecina Guyana rica en petróleo fue un calentamiento para las negociaciones entre el gobierno de Venezuela y sus principales oponentes en México a principios de este mes, para consternación de Georgetown. Siguieron avances sustanciales en las conversaciones mediadas por Noruega, con un acuerdo para establecer un grupo de trabajo conjunto sobre bienestar social y una revisión paralela del “cumplimiento excesivo del sistema financiero”, con las sanciones estadounidenses consideradas un obstáculo para la obtención de ayuda.

“Unilateral sanctions increasingly imposed by the United States, the European Union and other countries have exacerbated the abovementioned calamities,” Douhan told reporters, recognising that the economic decline started in 2014 with the downturn in oil prices and that mismanagement and corruption also contributed. Full Text -> Aljazzera

“Neither the vessels nor the cargo belongs to Iran. The cargo included gasoline that was sold by Iran to Venezuela. The US seized not the property of Iran, but the property of Venezuela,” the minister said, as quoted by the IRIB broadcaster. Full Text-> Sputnik

European countries need to increase sanctions against Venezuela to force a regime change and limit Nicolas Maduro’s ability to evade U.S. restrictions, said Carrie Filipetti, the State Department’s assistant secretary for the Bureau of Western Hemisphere Affairs. Filipetti also said more U.S.-European cooperation can help limit the Maduro regime’s access to gold supply chains, which it uses for funding. By Ian Cohen. Full Text-> Export Compiliance Dialy

Effective June 29, 2020, BIS will impose an export license requirement on a broad range of items destined for “military end-users” in China, supplementing existing restrictions on exports for “military end-use” in that country. The rule also expands the definition of “military end-use” and the category of items for which a license may be required for exports to China, Russia, and Venezuela. These changes expand and harmonize controls for “military end-users” and “military end-uses” in an attempt to counter the contribution of commercial U.S.-origin items to the military capabilities of these countries. Published by Goodwin Protecter LLP. Full text -> ICLG

Alex Nain Saab Moran, a Colombian whom U.S. authorities consider one of the most powerful men supporting Nicolas Maduro’s regime, traveled to Tehran with senior executives from the state oil company Petroleos de Venezuela last month, two of the people said. That was part of a deal in which Iran sends gasoline additives, parts and technicians to the South American nation in exchange for gold, they said. By Patricia Laya and Ben Bartenstein. Full Text -> Bloomberg

The suspension was in accordance with Section 609 of Public Law 101-162, which requires countries harvesting wild-caught shrimp in areas that contain sea turtles prove they have adequate laws regarding turtle excluding devices (TEDs). China’s certification was suspended due to “the use of methods of harvesting shrimp that may adversely affect sea turtles,” while Venezuela was suspended “due to the inability to confirm whether methods of harvesting shrimp may adversely affect sea turtles.” By Chris Chase. Full Text-> SeaFoodSource

On Tuesday, the Trump administration told the last remaining American oil companies in Venezuela that they had until December to wind down operations in the country..By Nick Cunningham. Full text-> Yahoo Finance

Canadian mining company Crystallex has asked the U.S. Supreme Court to reject Venezuela’s bid to have the court review a $1.4 billion arbitral award dispute, saying Venezuela hasn’t met the standards for review or presented any valid questions to the court. Full text -> Law360